No Duty on Secured Creditors’ Part. The powers conferred on Secured Creditors by this Section 4 are solely to protect Secured Creditors’ interest in the Collateral and do not impose any duty upon it to exercise any such powers. Secured Creditors will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither Secured Creditors nor any of their officers, directors, employees or agents will, in the absence of willful misconduct or gross negligence, be responsible to Pledgor for any act or failure to act pursuant to this Section 4.
No Duty on Secured Party’s Part. The powers conferred on Secured Party by this Section 4 are solely to protect Secured Party’s interest in the Collateral and do not impose any duty upon it to exercise any such powers. Secured Party will be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither Secured Party nor any of their officers, directors, employees or agents will, in the absence of willful misconduct or gross negligence, be responsible to Pledgor for any act or failure to act pursuant to this Section 4.
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